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Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation a The Marketing Department has estimated sales as follows for the remainder of the year (in units): July August September 37,500 85,000 56,000 October November December 27.500 14,000 14.500 The selling price of the beach umbrellas is $12 per unit b. All sales are on account Based on past experience, sales are collected in the following pattern 30 in the month of sale 65% in the month following sale 5x uncollectible Sales for June totaled $408.000, The company maintains finished goods inventores equal to 15% of the following month's sales. The requirement will be met at the end of June d. Each beach umbrella requires 4 feet of Gilden a material that is sometimes hard to acquire. Therefore the company requires that the ending invertory of Giden be equal to 50% of the following monti's production needs. The inventory of Gaden on hand at the beginning and end of the quarter will be une 9,50 Giden costs 50 60 per foot One-half of a month suchages of Giden paid for the month of purchase the remander is paid for in the following month. The accounts payable on July or purchases or Gilden during one will be 547,400 Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total for the third quarter 3 Calculate the estimated quantity of beach umbrellas that need to be produced in July August September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Giden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Rea 1 Reg 2 3 Reg4 and 5 Reg 6 Calculate the estimated sales, by month and in total, for the third quarter July August September Quarter Bugated sales Reg2 > 2 or 2 B Required: 1 Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, Sep 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the ti 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in to Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Req 4 and 5 Reg 6 Calculate the expected cash collections, by month and in total, for the third quarter. July August September Quarter Total cash collections e Reg Req3 ) Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July August September, and Octob 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third qu Complete this question by entering your answers in the tabs below. Req1 Reg 2 Reg 3 Reg 4 and 5 Reg 6 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October July August September October Required production in units & Reg2 Req 4 and 5 > Required: 1 Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quar Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 and 5 Req6 Calculate the quantity of Gilden (in feat) that needs to be purchased by month and in total, for the third quarter Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your unit cost of raw materials to 2 decimal places.) July August September Quarter Total units of raw material to be purchased Cost of raw materials to be purchased ences Required: 1. Calculate the estimated sales by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and Oct 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total for the third Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 and 5 Reg 6 Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter July August September Quarter Total cash disbursements
